Infibeam Incorporation and CC Avenues into Avenues Payments India

To invest Rs 3 crore

The Board of Directors of Infibeam Incorporation has approved to make investment in preference shares along with Avenues (India) (CC Avenues) into Avenues Payments India as an Anchor Investment.

As part of the investment transaction, Infibeam and CC Avenue will invest Rs 3 crore in RemitGuru wherein Infibeam will invest Rs 2 crore. Prior to this investment, CC Avenue already holds 26.76% equity stake in this company.

RemitGuru is a digital cross border money remittance solution with a secured, scalable and configurable platform.

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